Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 23 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MUSTANG HORSE CENTER from De Haan, company number BE0407862333, closed financial year 2025 with a result of € -88,636 after tax. For that financial year MUSTANG HORSE CENTER recorded a gross margin of € -38,024 and equity of € -208,087. Compared with financial year 2024, the result moved from € 46,660 to € -88,636. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 30, 2026.
€ -208,087
▼ € 88,636 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -88,636
▼ still € 46,660 profit in 2024
Profit after tax over the fiscal year.
€ 15,751
▼ 71% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -386,947.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 46,307
▲ € 36,899 vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 2,131 | € 62,577 | € 49,008 | € -38,024 | ▼ € 87,031 |
| Profit after taxes | € -2,084 | € 59,828 | € 46,660 | € -88,636 | ▼ € 135,296 |
| Equity | € -225,938 | € -166,110 | € -119,451 | € -208,087 | ▼ € 88,636 |
| Total debts | € 251,143 | € 256,188 | € 241,097 | € 274,815 | ▲ 14% |
| Cash | € 2,609 | € 754 | € 54,531 | € 15,751 | ▼ 71% |
| Land & buildings | - | € 4,106 | € 3,101 | € 2,097 | ▼ 32% |
| Retained profit | € -393,438 | € -333,610 | € -298,311 | € -386,947 | ▼ € 88,636 |
| Balance sheet total | € 25,205 | € 90,078 | € 121,646 | € 66,729 | ▼ 45% |
Key figures of MUSTANG HORSE CENTER, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to MUSTANG HORSE CENTER?
What happened at MUSTANG HORSE CENTER in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 88,636 (▼ € 135,296 vs 2024). filed late Source: NBB ↗
- Sabine JOYE became a director. NBB
- New establishment in De Haan. KBO
- Start of the company according to the CBE. KBO
In short
From € 2,084 loss in 2022 to € 88,636 loss in 2025.
Paid € 92 in corporate taxes since 2022.
Best year ever: 2023, with € 59,828 profit.
Management
Behind MUSTANG HORSE CENTER is Sabine JOYE. Sabine JOYE is also behind SAJO.
Directors
According to the 2025 annual accounts
since 2023
Establishments
Establishment units
Physical locations of this company
Grotestraat 130
8421 De Haan
Grotestraat 130
8420 De Haan
Active since 20 July 2001
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0407.862.333
- VAT number
- BE 0407.862.333
- Registered office
- Grotestraat 130, 8421 De Haan
- Names & denominations
- MUSTANG HORSE CENTER
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 December 1970
- Peppol
- Active · Active since 20 May 2026
- Activities · NACE
Exploitatie van sportaccommodaties
Exploitatie van overige sportinstallaties en -accomodaties
Cafés en bars
Cafés